Why DAX30 Should Be 1 Of Your Investments

Why DAX Should Be 1 of your investments

DAX looks very bullish now. The price continued to advance north during the course of trades on Thursday. The index is approaching the resistance level 10,730. Near support is at 10,500, in the lower bands we have 12,278 area while the most crucial support area stay in 10,130, break above 10700 would open the way to 11,000”
DAX  (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the electronic Xetra trading system. According to Deutsche Börse, the operator of Extra, DAX measures the performance of the Prime Standard’s 30 largest German companies in terms of order book volume and market capitalization

Last week the DAX close higher as Deutsche Bank worries taper - Concerns about Deutsche Bank intensified this week after reports surfaced that a request for aid from German Chancellor Angela Merkel in negotiating with the Justice Department was rejected. Deutsche Bank CEO John Cryan has denied that the firm requested state help or is in need of it.
I want to focus DBK stock who have high impact on the DAX : Deutsche Bank is bank sector
If we will look on the technical side, we can see some few things:
DBK : has open gap at 13 price level , its seems that gap going to be closed ,than if the momentum will continue we must see DBK crossing up 13.40 price to confirm more corrections ,otherwise it can continue the down trend ,in the big picture the trend is down as long as DBK remain below 30.dbk suffer from worried among investors who have been worried that problems at one of Europe’s largest banks could ripple through global markets similar to Sept. 15, 2008,  Lehman Bro.

Technical analysis on the DAX: if you will lookk closely you can see triangle pattern ,if that the case we should expect to see the dax in higher prices such as 13,200- 14,000

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This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice